Denver Incentivizing Restaurant to Relocate HQ Downtown
Romano's Macaroni Grill has leased 9,000 square feet downtown to relocate its national headquarters. The Colorado Economic Development Commission offered about $1.3 million of incentives, on the premise that the headquarters would add 53 jobs over the next eight years.
CO Session Provides Info on Enterprise Zone Tax Credits
A session was held on Colorado Enterprise Tax Zone Credits at Northeastern Junior College in Sterling Colorado. The EZ is a state program designed to encourage economic development in economically distressed areas. It offers state income tax credits, as well as an expansion of the manufacturing sales and use tax exemption.
Denver Uses Revolving Loan Fund to Support Affordable Housing
The first permanently affordable apartment project completed using Denver's Revolving Affordable Housing Loan Fund celebrated its grand opening, the ceremony attended by dozens of local officials, nonprofit and business leaders.
CO Losing Major Corporate HQ as CenturyLink Acquires Level 3
CenturyLink Inc. announced that it plans to buy Level 3 Communications in Broomfield in a deal valued at $34 billion. The deal gives CenturyLink about $10 billion in tax credits that Level 3 is carrying on its books. CenturyLink will use less than $2 billion a year of the accumulated net operating losses as credit against taxes.
A CO Bank Supporting Solar in Low-Moderate Income Communities
There has been a lot of recent effort put into broadening solar energy access, in particular to improve the availability to the low-moderate income sector. And Alpine Bank, a bank in Colorado, is providing an example of how financing projects in this sector can work.
Colorado RTD to Issue $197M in Bonds
Colorado's Regional Transportation District plans to price $197 million of revenue bonds. Voters authorized up to $3.477 billion of FasTracks sales tax bonds for the construction of light rail, commuter rail, bus, and related facility capital improvements. RTD has about $785 million in unused FasTracks debt authorization remaining.
$40M Denver Trailer Park Conversion to Use Tax Credits
The project will replace two former trailer parks with a 197-unit subsidized housing complex, and was funded with both 4 percent, noncompetitive federal tax credits and Colorado state tax credits. The city pitched in another $2 million in grants to fund land acquisition and $1.7 million to help relocate the park's previous residents.
CA Bioscience Company Moving HQ to Denver, Creating 130 Jobs
California bioscience company, Viveve Medical Inc., is moving its headquarters to Arapahoe County and creating some 130 new jobs. The decision to relocate was aided by a $2.2 million economic-development incentive package it received from the Colorado Economic Development Commission.
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